NYSE:OFG

OFG Bancorp Stock Forecast, Price & News

$22.99
+0.37 (+1.64 %)
(As of 06/24/2021 12:00 AM ET)
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Today's Range
$22.52
$23.02
50-Day Range
$21.61
$25.14
52-Week Range
$11.86
$25.52
Volume150,227 shs
Average Volume258,717 shs
Market Capitalization$1.19 billion
P/E Ratio12.29
Dividend Yield1.41%
Beta1.55
30 days | 90 days | 365 days | Advanced Chart
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OFG Bancorp logo

About OFG Bancorp

OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time deposit products; commercial, consumer, auto, and mortgage lending; financial planning; and corporate and individual trust services. It also provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; separately-managed accounts and mutual fund asset allocation programs; and retirement planning, pension administration, trust, and other financial services. In addition, the company involved in the insurance agency business; administration of retirement plans; various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and securities and money market instruments; and management and participation in public offerings and private placements of debt and equity securities. Further, it offers investment brokerage, and money and interest rate risk management, as well as derivatives and borrowings activities. The company operates through a network of 54 branches in Puerto Rico and 2 branches in USVI. OFG Bancorp was founded in 1964 and is based in San Juan, Puerto Rico.

Headlines

OFG Bancorp (NYSE:OFG) Shares Up 5.6%
OFG Bancorp (NYSE:OFG) Shares Up 5.6%
June 21, 2021 |  americanbankingnews.com
OFG Bancorps (NYSE:OFG) Dividend Will Be US$0.08
OFG Bancorp's (NYSE:OFG) Dividend Will Be US$0.08
June 4, 2021 |  finance.yahoo.com
OFG Bancorp Common Stock (OFG)
OFG Bancorp Common Stock (OFG)
May 15, 2021 |  nasdaq.com
OFG Bancorp Reports 1Q21 Results
OFG Bancorp Reports 1Q21 Results
April 21, 2021 |  finance.yahoo.com
Why You Shouldnt Bet Against OFG Bancorp (OFG) Stock
Why You Shouldn't Bet Against OFG Bancorp (OFG) Stock
April 5, 2021 |  finance.yahoo.com
OFG Bancorp 7% SER B PFD declares $0.1458 dividend
OFG Bancorp 7% SER B PFD declares $0.1458 dividend
March 30, 2021 |  seekingalpha.com
OFG Bancorp PFD A 7.125% declares $0.1484 dividend
OFG Bancorp PFD A 7.125% declares $0.1484 dividend
March 30, 2021 |  seekingalpha.com
See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

1.65 out of 5 stars

Finance Sector

543rd out of 1,976 stocks

State Commercial Banks Industry

112th out of 311 stocks

Analyst Opinion: 0.0Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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OFG Bancorp (NYSE:OFG) Frequently Asked Questions

What stocks does MarketBeat like better than OFG Bancorp?

Wall Street analysts have given OFG Bancorp a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but OFG Bancorp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting OFG Bancorp?

OFG Bancorp saw a decrease in short interest in the month of May. As of May 28th, there was short interest totaling 1,090,000 shares, a decrease of 19.3% from the May 13th total of 1,350,000 shares. Based on an average trading volume of 266,700 shares, the days-to-cover ratio is presently 4.1 days. Approximately 2.2% of the company's stock are short sold.
View OFG Bancorp's Short Interest
.

When is OFG Bancorp's next earnings date?

OFG Bancorp is scheduled to release its next quarterly earnings announcement on Friday, July 23rd 2021.
View our earnings forecast for OFG Bancorp
.

How were OFG Bancorp's earnings last quarter?

OFG Bancorp (NYSE:OFG) posted its quarterly earnings results on Tuesday, April, 20th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.11. The bank had revenue of $128.61 million for the quarter, compared to analyst estimates of $128.40 million. OFG Bancorp had a net margin of 17.74% and a trailing twelve-month return on equity of 11.25%.
View OFG Bancorp's earnings history
.

How has OFG Bancorp's stock been impacted by Coronavirus?

OFG Bancorp's stock was trading at $13.46 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, OFG shares have increased by 70.8% and is now trading at $22.99.
View which stocks have been most impacted by COVID-19
.

How often does OFG Bancorp pay dividends? What is the dividend yield for OFG Bancorp?

OFG Bancorp declared a quarterly dividend on Wednesday, April 28th. Shareholders of record on Wednesday, June 30th will be given a dividend of $0.08 per share on Thursday, July 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Tuesday, June 29th.
View OFG Bancorp's dividend history
.

Is OFG Bancorp a good dividend stock?

OFG Bancorp pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.41%. OFG Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of OFG Bancorp is 21.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG Bancorp will have a dividend payout ratio of 13.22% next year. This indicates that OFG Bancorp will be able to sustain or increase its dividend.
View OFG Bancorp's dividend history.

Who are OFG Bancorp's key executives?

OFG Bancorp's management team includes the following people:
  • Mr. Jose Rafael Fernandez, Vice Chairman, Pres & CEO (Age 57, Pay $1.57M)
  • Ms. Maritza Arizmendi Diaz CPA, CPA, Esq., Exec. VP & CFO (Age 53, Pay $580.81k)
  • Dr. Ganesh Kumar, Sr. EVP & COO (Age 57, Pay $1.25M)
  • Mr. Jose E. Cabrera Lazaro, Chief Risk & Compliance Officer (Age 50, Pay $316.33k)
  • Krisen Aguirre Torres, VP Financial Reporting & Accounting Control
  • Mr. Gary M. Fishman, IR Contact
  • Ms. Jennifer Zapata Nazario, Sr. VP of HR
  • Mr. Luis Alejandro CPA, C.I.S.A., Sr. VP and Sr. VP of Branch Admin. (Age 60)
  • General Carlos A. Viña CPA, Sr. VP of Oriental Insurance (Age 54)
  • Mr. Ramón A. Rosado-Linera, Sr. VP & Director of the U.S. Loan Program (Age 57)

What is José Rafael Fernández's approval rating as OFG Bancorp's CEO?

15 employees have rated OFG Bancorp CEO José Rafael Fernández on Glassdoor.com. José Rafael Fernández has an approval rating of 89% among OFG Bancorp's employees.

Who are some of OFG Bancorp's key competitors?

What other stocks do shareholders of OFG Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other OFG Bancorp investors own include Intelsat (I), Callon Petroleum (CPE), Cleveland-Cliffs (CLF), Range Resources (RRC), Fossil Group (FOSL), Bank of America (BAC), AMC Entertainment (AMC), First Data (FDC), Associated British Foods (ABF) and Coeur Mining (CDE).

What is OFG Bancorp's stock symbol?

OFG Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "OFG."

Who are OFG Bancorp's major shareholders?

OFG Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.76%), Dimensional Fund Advisors LP (7.75%), Arctis Global LLC (3.71%), X Square Capital LLC (2.68%), LSV Asset Management (2.12%) and Nuveen Asset Management LLC (1.90%). Company insiders that own OFG Bancorp stock include Cesar A Ortiz, Edwin Perez, Ganesh Kumar, Jesus Nestor De, Jorge Colon, Jose Rafael Fernandez, Julian Inclan, Maritza Arizmendi, Pedro Morazzani and Rafael Cruz.
View institutional ownership trends for OFG Bancorp
.

Which major investors are selling OFG Bancorp stock?

OFG stock was sold by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Northern Trust Corp, Millennium Management LLC, X Square Capital LLC, LSV Asset Management, Prudential Financial Inc., Dimensional Fund Advisors LP, and Morgan Stanley. Company insiders that have sold OFG Bancorp company stock in the last year include Cesar A Ortiz, Julian Inclan, and Pedro Morazzani.
View insider buying and selling activity for OFG Bancorp
or view top insider-selling stocks.

Which major investors are buying OFG Bancorp stock?

OFG stock was acquired by a variety of institutional investors in the last quarter, including EJF Capital LLC, Goldman Sachs Group Inc., Monarch Partners Asset Management LLC, Arctis Global LLC, Canada Pension Plan Investment Board, BlackRock Inc., Geode Capital Management LLC, and JPMorgan Chase & Co.. Company insiders that have bought OFG Bancorp stock in the last two years include Edwin Perez, Ganesh Kumar, Jesus Nestor De, Jorge Colon, Jose Rafael Fernandez, and Maritza Arizmendi.
View insider buying and selling activity for OFG Bancorp
or or view top insider-buying stocks.

How do I buy shares of OFG Bancorp?

Shares of OFG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is OFG Bancorp's stock price today?

One share of OFG stock can currently be purchased for approximately $22.99.

How much money does OFG Bancorp make?

OFG Bancorp has a market capitalization of $1.19 billion and generates $597.70 million in revenue each year. The bank earns $74.33 million in net income (profit) each year or $1.47 on an earnings per share basis.

How many employees does OFG Bancorp have?

OFG Bancorp employs 2,275 workers across the globe.

What is OFG Bancorp's official website?

The official website for OFG Bancorp is www.orientalbank.com.

Where are OFG Bancorp's headquarters?

OFG Bancorp is headquartered at 254 MUNOZ RIVERA AVENUE, SAN JUAN PR, 00918.

How can I contact OFG Bancorp?

OFG Bancorp's mailing address is 254 MUNOZ RIVERA AVENUE, SAN JUAN PR, 00918. The bank can be reached via phone at 787-771-6800 or via email at [email protected]


This page was last updated on 6/25/2021 by MarketBeat.com Staff
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